Valley Brook Capital Group Inc. Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Valley Brook Capital Group Inc. boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,180 shares of the apparel and home fashions retailer’s stock after purchasing an additional 760 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in TJX Companies were worth $988,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TJX. Exchange Traded Concepts LLC lifted its stake in TJX Companies by 2,353.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 22,617 shares of the apparel and home fashions retailer’s stock valued at $2,658,000 after acquiring an additional 21,695 shares during the period. CX Institutional lifted its stake in TJX Companies by 15.0% during the 3rd quarter. CX Institutional now owns 47,647 shares of the apparel and home fashions retailer’s stock valued at $5,600,000 after acquiring an additional 6,215 shares during the period. Wesbanco Bank Inc. lifted its stake in TJX Companies by 2.1% during the 3rd quarter. Wesbanco Bank Inc. now owns 40,776 shares of the apparel and home fashions retailer’s stock valued at $4,793,000 after acquiring an additional 851 shares during the period. Creative Planning lifted its stake in TJX Companies by 5.5% during the 3rd quarter. Creative Planning now owns 323,654 shares of the apparel and home fashions retailer’s stock valued at $38,042,000 after acquiring an additional 16,883 shares during the period. Finally, Occidental Asset Management LLC bought a new position in TJX Companies during the 3rd quarter valued at about $239,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TJX shares. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company raised their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Finally, Jefferies Financial Group raised their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Trading Down 0.2 %

TJX Companies stock opened at $124.66 on Wednesday. The stock has a market cap of $140.14 billion, a P/E ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The firm’s 50 day moving average price is $123.23 and its 200-day moving average price is $118.85.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.29%.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.